Goss Claims Court Victory
CEDAR RAPIDS, IA—The $31.6 million Goss International judgment for press equipment dumping levied against TKS last December was upheld in federal court on May 26.
In issuing the decision, U.S. District Court Judge Linda Reade cited evidence that TKS, the U.S. subsidiary of Tokyo Kikai Seisakusho, used “a fraudulent price increase and secret $2.2 million rebate” to prevent one U.S. newspaper from purchasing Goss presses. TKS and its lawyers were also accused of attempting to destroy documents to conceal the secret rebates.
The judgment capped a three-week trial in federal court here. TKS was found to have systematically dumped its press equipment on the U.S. market with the intent to destroy or injure the U.S. printing press industry.
Judge Reade’s decision reportedly denied both of TKS’ post-trial motions to vacate the jury’s verdict and grant a new trial.